State Street Corporation - Boston, MA

posted 3 months ago

Full-time - Senior
Boston, MA
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Head of Fund Services Tax for Charitable Asset Management at State Street Global Advisors is a pivotal role that combines leadership, client relationship management, and tax expertise within a specialized investment and administrative unit. This position is responsible for overseeing the tax services provided to charitable organizations, ensuring that the team delivers high-quality, accurate, and timely service to over 200 nonprofit clients managing $3 billion in charitable assets. The role requires a deep understanding of fiduciary tax matters, particularly in relation to Charitable Remainder Trusts and exempt organizations, and involves mentoring and supervising staff to enhance their performance and professional development. In this role, you will be tasked with developing and maintaining strong client relationships, which is essential for delivering exceptional service. You will supervise tax engagements, providing tax planning, consulting, and compliance services, while also reviewing income tax returns prepared by your team. Your analytical skills will be crucial as you assess trusts and other documents to determine tax return filing requirements. Additionally, you will actively participate in new business development activities, contributing to the growth of the Charitable Asset Management team. As a leader, you will be expected to keep clients informed about tax regulation developments and respond effectively to inquiries from team members, clients, and the Internal Revenue Service (IRS). This position not only requires technical expertise but also strong leadership and mentoring capabilities to foster a collaborative and high-performing team environment. The ideal candidate will possess a proactive approach to research on planned giving-related tax topics and demonstrate the ability to generate value-added ideas for clients and the team.

Responsibilities

  • Develop and maintain strong client relationships while delivering high quality, accurate and timely service.
  • Mentor, supervise, and train staff.
  • Evaluate overall team performance and execute performance management processes.
  • Supervise tax engagements and assist in providing tax planning, consulting, and compliance services.
  • Review income tax returns prepared by staff and make recommendations on return preparation regarding accuracy and timely service delivery opportunities.
  • Analyze trusts and other documents to determine tax return filing requirements of accounts.
  • Participate and actively contribute to new business development activities.
  • Effectively and appropriately respond to questions and inquiries from team members, clients and the Internal Revenue Service (IRS).
  • Keep clients informed of tax regulation developments and other relevant facts that affect their business.

Requirements

  • Ability to conduct independent research on planned giving-related tax topics and prevailing tax regulations.
  • Ability to show strong leadership and mentoring capabilities.
  • Bachelor's Degree in accounting, or business administration.
  • CPA, or Enrolled Agent preferred.
  • Seven to ten years of direct fiduciary tax experience with an emphasis on Charitable Remainder trusts and exempt organization.
  • Excellent written and verbal communications skills.
  • Ability to work both independently, and as part of a team with professionals at all levels.
  • Computer proficiency and experience working with OneSource Trust tax software, Trust accounting systems and Global Plus.

Benefits

  • Generous medical care, insurance and savings plans.
  • Flexible Work Programs to help match personal needs.
  • Development programs and educational support to reach full potential.
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